Many names have been linked with the post, but MacLeod says even out-of-work bosses will hold out for English jobs.

"There's so much money down south, the managers are quite happy staying there," he told BBC Radio Scotland.

"When you look at the ones that have been mentioned - David Moyes will be looking for another big job in England and I don't know whether he would come back up to Scotland and manage Celtic. I think he would stay down south," added MacLeod.

To walk away and he's not got a job in England - that's the surprise for me

Murdo MacLeod on Neil Lennon

"I don't know if Celtic will go down the line of someone just a wee bit different from the normal type of ex-Celtic players. I think they'll be in line first."

MacLeod expects former Celtic defender Malky Mackay, who left Cardiff City in December, and former Bolton and Wigan boss Owen Coyle to be in the frame to replace Lennon.

And the BBC Sportsound pundit admitted his surprise at the Northern Irishman's departure.

"To walk away and he's not got a job in England - that's the surprise for me," said the former Scotland player.

"Neil's said over the last few months that he wants to go down to English football and we all felt he's going to go at some point and walk into a job in England.

"In a short time, to win three titles and the European campaign two years ago was one of the best campaigns Celtic have had in years so he'll be well remembered."